Our illustration in the card’s colours, not its design
Capital One credit card
REI Co-op Mastercard Credit Card
- APR up · 17.49% to 17.74% · Nov 1, 2026
No annual fee. $100 REI gift card welcome bonus. Purchase APR 17.74–28.74%, variable.
Checked Nov 8, 2026Updated
- Welcome offer
- Receipt · Welcome offerChecked Nov 8, 2026
Issuer's page · capitalone.com
“$100 REI gift card”
- Annual fee
- Receipt · Annual feeChecked Nov 8, 2026
Issuer's page · capitalone.com
The source states this figure; we have no exact sentence on file yet.
- Purchase APR · variable
- Receipt · Purchase APRChecked Nov 8, 2026
Issuer's page · capitalone.com
“Purchase and Transfer APR: 17.74%-28.74% variable APR.”
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 8, 2026
Issuer's page · capitalone.com
The source states this figure; we have no exact sentence on file yet.
Select an underlined figure to see where it comes from.
Capital One’s terms
Welcome offer
100 card
First non-REI purchase outside of REI
Within 60 days from account opening. One-time offer; existing or previous REI Co-op Mastercard cardmembers are not eligible. Sent as an e-gift card if a valid email is on file; otherwise a physical gift card is sent to the primary account holder's address within 6-8 weeks.
Who can get it: If you’ve had this bonus in the last 48 months (4 years), you can’t get it again yet.
“Existing or previous cardmembers are not eligible for this product if they have received a new cardmember bonus for this product in the past 48 months.”
The issuer’s terms, from its page, as of Nov 1, 2026. Check which bonuses you can get
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $180 | $180 | |
| Typical spender | $450 | $450 | |
| Heavy spender | $990 | $990 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
Assumed: not counted: 5x donations made to the 501(c)(3) REI Cooperative Action Fund at REIfund.org or in-store at point-of-sale.
$180a year
The same in the first year and after.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: not counted: 5x donations made to the 501(c)(3) REI Cooperative Action Fund at REIfund.org or in-store at point-of-sale.
$450a year
The same in the first year and after.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: not counted: 5x donations made to the 501(c)(3) REI Cooperative Action Fund at REIfund.org or in-store at point-of-sale.
$990a year
The same in the first year and after.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: not counted: 5x donations made to the 501(c)(3) REI Cooperative Action Fund at REIfund.org or in-store at point-of-sale.
Use your own spending
Estimates from the published terms above, as checked Nov 8, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 80% of the 732 cards we track.
- No annual fee, like about 85% of the 711 cards we track.
Other cash back cards with no annual fee
- Citizens Summit World MastercardCitizens · No annual fee+$160 a year
- Wells Fargo Cash Back Credit CardWells Fargo · No annual fee+$150 a year
- Credit One Bank Omni RewardsCredit One · No annual fee+$150 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
REI Co-op Mastercard Rewards
How you earn
- 10%
- Cardmember Double Rewards event: double card rewards on all REI purchases during the yearly event (additional 5%, for a total of 10%)
- 5%
- REI Co-op purchasesdonations made to the 501(c)(3) REI Cooperative Action Fund at REIfund.org or in-store at point-of-sale
- 1.5%
- Everything else
Cash back, as a share of each purchase.
Benefits
- No foreign transaction fees
- Mastercard World Elite benefits (full list at REI.com/membership/mastercard/benefits)
Changes
- Nov 1, 2026 APR 17.49% to 17.74%
Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 8, 2026 Issuer's page · capitalone.com The source states this figure; we have no exact sentence on file yet. |
|---|---|
| Purchase APR | Receipt · Purchase APRChecked Nov 8, 2026 Issuer's page · capitalone.com “Purchase and Transfer APR: 17.74%-28.74% variable APR.” |
| Balance transfer APR | Receipt · Balance transfer APRChecked Nov 8, 2026 Issuer's page · capitalone.com “Purchase and Transfer APR: 17.74%-28.74% variable APR.” |
| Balance transfer fee | Receipt · Balance transfer feeChecked Nov 8, 2026 Issuer's page · capitalone.com The source states this figure; we have no exact sentence on file yet. |
| Cash advance APR | Receipt · Cash advance APRChecked Nov 8, 2026 Issuer's page · capitalone.com “Cash Advance APR: 28.74% variable APR.” |
| Cash advance fee | Receipt · Cash advance feeChecked Nov 8, 2026 Issuer's page · capitalone.com “Cash Advance Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater.” |
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 8, 2026 Issuer's page · capitalone.com The source states this figure; we have no exact sentence on file yet. |
Before you apply
- Credit the issuer asks for: Good-Excellent (issuer’s page).
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
- The bonus: If you’ve had this bonus in the last 48 months (4 years), you can’t get it again yet.
Questions
- What is the annual fee?
- No annual fee · capitalone.com, since Oct 21, 2026
- Does it charge a foreign transaction fee?
- No. · capitalone.com, since Oct 21, 2026
- What is the purchase APR?
- 17.74–28.74% APR · capitalone.com, since Nov 1, 2026
- Is there a welcome bonus?
- $100 REI gift card. · capitalone.com, since Oct 21, 2026
- What credit do you need?
- Good-Excellent · capitalone.com, since Nov 1, 2026